I have given 8 weeks notice to my current landlord and must leave my let out property in Albany Park by the end of next month. Conveyancing on my purchase is progressing. How realistic is it to complete in a couple of weeks as don't want to have to find temporary accommodation?
It is unwise to serve notice on a rental until your lawyer suggests that you should. If you have not already done so, notify to your solicitor and ask them to they chase the sellers side, try to get a realistic time scale from them that everyone will look towards
Why do I have to pay up front for my conveyancing in Albany Park?
Where you are retaining lawyers for conveyancing in Albany Park your lawyer will request that you to provide them with funds to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the Local Authority Search. When the down payment is as part of the total price then this will be needed shortly prior to exchange of contracts. Any further balance that is needed will be payable shortly before completion.
I have been told by my lawyer that flying freehold insurance is needed on my purchase. What is the level of cover for Albany Park conveyancing?
The right level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Barclays and Skipton Building Society. Conveyancing lawyers as opposed to borrowers take out such insurances.
When it comes to lenders such as Leeds Building Society, do Albany Park lawyers incur a fee to be on the list of approved solicitors?
We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Albany Park building society branch on a couple of occasions and was told they are content with the situation and they would lend. My Albany Park conveyancing solicitor - who is on the bank conveyancing panel- called to say that they refuse to lend based on their specific requirements. I simply don't know who is right.
Your lawyer has to follow the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
My friend suggested that if I am purchasing in Albany Park I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Albany Park conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Albany Park around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Albany Park Education with plans and statistics, Local Amenities and other useful data regarding Albany Park.
I have todaybecome aware that Stirling Law have closed. They carried out my conveyancing in Albany Park for a purchase of a freehold house 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Albany Park conveyancing specialists.